The big news at the end of last week was President Trumps four executive orders that are supposed to lower prescription drug prices. Lowering those prices was something he campaigned on in 2016 and has talked about since, but this is the first time he has taken action..This week, one new cosponsor Rep. David Loebsack signed on to the Consumer Price Index for Elderly Consumers Act, bringing the cosponsor total up to twenty-two. If signed into law, H.R. 1030 would adopt the CPI-E for the purpose of calculating Social Security cost-of-living adjustments. Currently, COLAs are based upon the way young, urban workers spend their money a method that underestimates the spending inflation seniors experience. H.R. 1030 would address this issue, resulting in more fair and accurate COLAs for seniors..Will you pay taxes on your Social Security benefits this year? Take TSCL's annual Senior Survey, visit..We should also ensure senior citizens are getting an accurate cost of living adjustment. The model the government is using right now would be fine if seniors were regularly buying iPods and laptop computers. But that's just not the case. I've proposed a better way to calculate the COLA based on items seniors actually use, such as food, housing, gasoline, healthcare and prescription drugs..The COLA will be announced in mid - October and the Medicare Part B premium often is announced by the end of November..Congress Passes Defense Bill but President Trump says He Will Veto.State and local property taxes up to ,000..Nonetheless, The Senior Citizens League urges lawmakers to act responsibly and to fund the federal government immediately so that federal agencies can operate as smoothly as possible. In the days ahead, we will keep a close eye on the evolving negotiations, and we will continue to advocate for legislative solutions that would fully fund the federal government..TSCL sent a letter to House and Senate leaders asking for their support for a more fair and adequate Social Security COLA. Stated TSCL's Chairman Arthur Cooper, "Eighty-six percent of TSCL's members and supporters believe Congress must pass legislation tying the annual COLA to the Consumer Price Index for the Elderly. Doing so would more accurately base COLAs on the spending patterns of seniors instead of the spending patterns of young, urban workers, and would go a long way in improving the adequacy of Social Security benefits."

Issue Brief Georgias Money Follows The Person Program Helping

[2] Social Security: What Would Happen If The Trust Funds Ran Out? Christine Scott, Congressional Research Service, October 21, 2013, RL33514..Subcommittee Chairman Sam Johnson explained the origin of the issue in his opening statement, saying: "Both the House and Senate wanted to modify the benefit formula for those workers who spent part of their careers not paying Social Security taxes. I guess it should come as no surprise that the House and Senate didn't agree on the numbers … As tends to happen here they ended up somewhere in the middle.".I was diagnosed with cancer in 2019 which required surgery and considerable follow-up treatment. I also required extensive dental work during the year. My medical and dental expenses alone totaled more than ,000, and that does not include my husband's premiums and out-of-pocket costs, which were close to ,000. Will we be able to deduct these expenses on our income taxes? We were unable to deduct our routine medical costs last year. … Continued

Health Cost And Quality

It's hard to know because no official government estimates seem to exist. Just how do illegal workers wind up on Social Security rolls? In order to get jobs they often provide employers with invalid, fake, or even stolen Social Security numbers. Employers withhold payroll taxes as required by law and wage reports are sent in to the Social Security Administration. If the name and Social Security number reported by employers doesn't match those in the SSA's records, the "mismatched reports are placed in an "Earnings Suspense File..Members of the House and Senate spent the week in their home states and districts, and will return to Capitol Hill on Monday, February 27th.."Using that criterion, the Social Security reform trigger has already been pulled," Johnson notes. In their latest report, the Social Security Trustees say the combined retirement, survivors, and disability Trust Funds will exceed total income by increasing amounts starting in 2022 and will be depleted in 2034, well within the 75-year period called for in the budget resolution. … Continued

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